Koho secures $190 million CAD in equity and debt to bolster banking licence efforts
CEO said he’s not betting the company on banking licence at Elevate.
FinTech
Loss of DoorDash partnership prompts Payfare share price plummet and strategic review
Shares dropped more than 75 percent Friday after news that firm’s largest customer would not renew its contract.
Propel Holdings to acquire UK-based QuidMarket for $95.9 million CAD
Company sees the UK as potential beachhead for expanding into the European market.
Stripe opens new Toronto office with plans to hire 50 team members
The new space opened three years after Stripe first established a physical presence in Toronto.
With Nmbr, former Humi execs want to power embedded payroll products across Canada
Startup is backed with $7.6 million CAD from Panache, Luge, Golden, and Motivate.
Months-long dispute between Bitfarms and Riot Platforms draws to a close as companies reach settlement
Board member Andrés Finkielsztain steps down as Riot withdraws bid to reshuffle Bitfarms board.
Koho set to launch line of credit offering through partnership with Propel Holdings
FinTech startup to roll out bank-like offering as it attempts to become a licenced bank.
Two years after pivot to international financial management, Loop has processed over $1 billion in payments
Returning investors Mistral Ventures and Graphite Ventures among group behind $6.4-million CAD seed extension.
AI startups dominate latest Google for Startups Accelerator’s Canadian cohort
Ten of the 14 startups in the latest cohort claim to be using AI or machine learning as part of their core offering.
Zūm Rails moves recently-named CEO Miles Schwartz to Miami to lead US growth initiative
Omni-rail payment solution saw 75 percent increase in its US business over the last year.
Beacon launches remittance solution to help Canadian newcomers receive money from India
Startup launched out of stealth with $5.25 million in funding earlier this year.
US-based business banking startup Mercury acquires accounting platform Teal for an undisclosed amount
Acquisition comes mere months after Vancouver startup announced an $11 million CAD seed round.
“The impact can be devastating”: ASC launches $130,000 tech challenge in bid to combat crypto scams
Alberta Securities Commission estimates $309 million of investment fraud reported last year was tied to crypto.
Northside Ventures closes first early-stage VC fund at $15 million CAD
This emerging manager just met his target amid one of the worst fundraising environments in a decade.
Bitfarms and Riot continue public squabble leading up to October shareholder meeting
Riot encouraged shareholders to “seriously question” timing of recent Stronghold acquisition.